Northern Trust Corp raised its position in shares of LG Display Co Ltd. (NYSE:LPL) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 425,481 shares of the electronics maker’s stock after buying an additional 15,991 shares during the quarter. Northern Trust Corp owned 0.06% of LG Display worth $3,506,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Regal Investment Advisors LLC acquired a new position in shares of LG Display in the 2nd quarter valued at about $123,000. Miller Value Partners LLC acquired a new position in shares of LG Display in the 2nd quarter valued at about $129,000. Assetmark Inc. increased its holdings in shares of LG Display by 5.5% in the 2nd quarter. Assetmark Inc. now owns 491,709 shares of the electronics maker’s stock valued at $4,052,000 after purchasing an additional 25,769 shares during the period. Schroder Investment Management Group increased its holdings in shares of LG Display by 26.5% in the 2nd quarter. Schroder Investment Management Group now owns 137,622 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 28,841 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of LG Display by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 486,214 shares of the electronics maker’s stock valued at $4,007,000 after purchasing an additional 30,179 shares during the period. 2.96% of the stock is owned by institutional investors.
LPL has been the topic of a number of research reports. Zacks Investment Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. CLSA downgraded LG Display from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 24th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.00.
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About LG Display
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
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